MAC & CIE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAC & CIE
Largest movements
- Receivables within one year +€30,285
up €30,285 (+174.6%), from €17,350 to €47,635
of which Trade receivables: +€28,224
- Cash -€25,689
down €25,689 (-75.3%), from €34,134 to €8,445
mainly Net result for the year (-€132,028) and Investment in fixed assets (net) (-€55,349)
- Tangible fixed assets -€16,668
down €16,668 (-4.1%), from €409,049 to €392,381
of which Other tangible fixed assets: -€23,952
- Deferred charges and accrued income -€7,272
no longer reported in 2024 (was €7,272)
- Tax, wage and social debts +€157,038
up €157,038 (+166.3%), from €94,456 to €251,494
of which Remuneration and social security: +€132,067
- Profit (loss) carried forward -€132,028
down €132,028 (-119.2%), from -€110,758 to -€242,785
- Debts after one year -€53,363
down €53,363 (-16.2%), from €329,365 to €276,002
- Other debts +€8,268
up €8,268 (+7.3%), from €113,000 to €121,268
- Gross operating margin +€470,212
up €470,212 (+478.5%), from €98,261 to €568,473
- Staff costs +€438,934
up €438,934 (+265.9%), from €165,069 to €604,003
- Depreciation +€39,700
up €39,700 (+117.2%), from €33,873 to €73,572
- Financial charges +€9,056
up €9,056 (+94.3%), from €9,598 to €18,654
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,822 | €463,250 | -€19,573 | -4.1% |
| Fixed assets | 21/28 | €416,350 | €398,127 | -€18,223 | -4.4% |
| Intangible fixed assets | 21 | €7,301 | €5,746 | -€1,555 | -21.3% |
| Tangible fixed assets | 22/27 | €409,049 | €392,381 | -€16,668 | -4.1% |
| Plant, machinery and equipment | 23 | €98,705 | €105,713 | +€7,008 | +7.1% |
| Furniture and vehicles | 24 | €45,222 | €45,498 | +€276 | +0.6% |
| Other tangible fixed assets | 26 | €265,122 | €241,170 | -€23,952 | -9.0% |
| Current assets | 29/58 | €66,473 | €65,123 | -€1,350 | -2.0% |
| Stocks and contracts in progress | 3 | €7,717 | €9,043 | +€1,326 | +17.2% |
| Stocks | 30/36 | €7,717 | €9,043 | +€1,326 | +17.2% |
| Amounts receivable within one year | 40/41 | €17,350 | €47,635 | +€30,285 | +174.6% |
| Trade receivables | 40 | €16,671 | €44,895 | +€28,224 | +169.3% |
| Other amounts receivable | 41 | €679 | €2,740 | +€2,061 | +303.6% |
| Cash at bank and in hand | 54/58 | €34,134 | €8,445 | -€25,689 | -75.3% |
| Deferred charges and accrued income | 490/1 | €7,272 | - | -€7,272 | |
| Total equity and liabilities | 10/49 | €482,822 | €463,250 | -€19,573 | -4.1% |
| Equity | 10/15 | -€100,758 | -€232,785 | -€132,028 | -131.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,758 | -€242,785 | -€132,028 | -119.2% |
| Amounts payable | 17/49 | €583,580 | €696,035 | +€112,455 | +19.3% |
| Amounts payable after more than one year | 17 | €329,365 | €276,002 | -€53,363 | -16.2% |
| Financial debts | 170/4 | €329,365 | €276,002 | -€53,363 | -16.2% |
| Amounts payable within one year | 42/48 | €254,215 | €420,033 | +€165,818 | +65.2% |
| Trade debts | 44 | €46,759 | €47,271 | +€512 | +1.1% |
| Suppliers | 440/4 | €46,759 | €47,271 | +€512 | +1.1% |
| Taxes, remuneration and social security | 45 | €94,456 | €251,494 | +€157,038 | +166.3% |
| Taxes | 450/3 | €35,867 | €60,838 | +€24,971 | +69.6% |
| Remuneration and social security | 454/9 | €58,589 | €190,656 | +€132,067 | +225.4% |
| Other amounts payable | 47/48 | €113,000 | €121,268 | +€8,268 | +7.3% |
| Remuneration, social security and pensions | 62 | €165,069 | €604,003 | +€438,934 | +265.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,873 | €73,572 | +€39,700 | +117.2% |
| Other operating charges | 640/8 | €480 | €4,390 | +€3,910 | +815.1% |
| Gross operating margin | 9900 | €98,261 | €568,473 | +€470,212 | +478.5% |
| Operating profit (loss) | 9901 | -€101,160 | -€113,492 | -€12,332 | -12.2% |
| Financial income | 75/76B | €0 | €118 | +€118 | +29477.5% |
| Recurring financial income | 75 | €0 | €118 | +€118 | +29477.5% |
| Financial charges | 65/66B | €9,598 | €18,654 | +€9,056 | +94.3% |
| Recurring financial charges | 65 | €9,598 | €18,654 | +€9,056 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | -€110,758 | -€132,028 | -€21,270 | -19.2% |
| Profit (loss) for the period | 9904 | -€110,758 | -€132,028 | -€21,270 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,758 | -€132,028 | -€21,270 | -19.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.